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Black Box Ltd.

NSE: BBOX · Information Technology

₹810.95-5.36%06 Nov 2026

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Instant answers about Black Box Ltd. — computed from its filings, no language model
Market cap₹14,402 cr
Current price₹810.95
High / Low₹1,078 / ₹447
P/E—
P/B11.19
Book value₹72.5
ROE0.0%
ROCE20.2%
Debt / equity0.64
Dividend yield0.12%
EPS (TTM)₹0.00
Face value₹2

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 9 periods
FY18FY19FY20FY21FY22FY23FY24FY25FY26
Revenue7331,8534,9944,6745,3706,2886,2825,9676,322
EBITDA3347368352274279432530570
Operating margin4.5%2.5%7.4%7.5%5.1%4.4%6.9%8.9%9.0%
Interest25451299874111141145158
Depreciation815999699107114113116
Profit before tax19-7948968629156211239
Tax4-171813619722
Net profit000000000
EPS ₹5.15-26.9713.8326.0522.251.428.2012.1612.78
Operating cash flow————17118134-8884
Capex————5198514469
Dividend paid————000017
Total assets5802,4322,3062,303—3,0022,7773,0724,294
Equity9019-176207—2964817591,287

Quarterly performance

last 33 quarters · ₹ crore
showing latest 8 of 33 periods
MAR '18SEP '18DEC '18MAR '19JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
Revenue2091972351,2331,2281,2591,2581,2509941,2181,2411,2211,1991,3451,3871,4421,3721,5621,6721,6821,5711,5741,6551,4801,4231,4971,5021,5451,3871,5851,6601,6911,718
Operating profit2111151273881071015810496935755688054477210792102114125115135134147116143147164160
Operating margin10.0%5.8%6.2%1.0%5.9%7.0%8.5%8.1%5.8%8.6%7.7%7.6%4.8%4.1%4.9%5.5%3.9%3.0%4.3%6.3%5.8%6.5%6.9%8.4%8.1%9.0%8.9%9.5%8.4%9.0%8.9%9.7%9.3%
Other income1120327131712502-12011016111111221124
Interest655283136333021292124151618242525273433323640343231473439404548
Depreciation23372428252325272129242525252631203128292829262831282729303136
Profit before tax869-1001638-443974352103311192318-23151924335247405559574561577661
Tax-110-2225-3325821372-07-401116333-3-257115
Net profit000000000000310000000032003700000000
EPS ₹3.231.623.04-33.574.5611.94-16.5313.861.4513.9215.520.489.573.234.714.810.93-1.360.471.381.431.902.432.442.213.043.333.572.803.282.923.783.15
Revenue YoY———488.9%—539.8%435.9%1.4%-19.1%-3.2%-1.3%-2.3%20.7%10.5%11.8%18.1%14.4%16.1%20.5%16.6%14.6%0.8%-1.0%-12.0%-9.4%-4.9%-9.3%4.3%-2.6%5.8%10.5%9.5%23.9%
Profit YoY————————————————-100.0%————————-100.0%——-100.0%————

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Black Box Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†
Revenue556503549630599305340313246
Operating profit22554442-17-115-16-21-6
Operating margin4.0%11.0%8.0%6.6%-2.8%-37.7%-4.7%-6.8%-2.6%
Other income———3421811125
Interest45363230242420
Depreciation987889752
Profit before tax9524229-15-1452-37-15
Tax417141380300
Net profit5352816-23-145-0-37-15

Quarters

showing latest 8 of 42 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†
Revenue13313814114214514012812212612413112112112518116615113118214714713417178907464609291978175807769566259616586
Operating profit12141051043916151511121110412718510-11-20-48-30-26-11-20-629-3-5-3-101-8-221410
Operating margin8.6%10.4%7.1%3.5%6.8%3.1%2.4%7.8%12.6%12.2%11.5%8.8%10.2%8.6%5.6%2.3%8.1%5.5%10.1%3.2%6.5%-8.1%-11.7%-60.8%-34.1%-35.3%-17.5%-33.6%-6.3%1.8%8.8%-3.8%-6.8%-3.5%-13.6%2.0%-15.2%-2.8%4.1%2.1%6.0%12.2%
Other income3020—————————110011452946543225273111122310
Interest1111111112111000123499107888665756665664565
Depreciation333222222222222222222232222222111111110100
Profit before tax1011926018141614111210929315238-28-51-28-48-18-28-12-042-2-10-9-17-4-4-6-01166
Tax4431200345544331318-410110000000300000000000
Net profit77514-0051011978761626628-39-51-28-48-18-28-12-040-2-10-9-17-4-4-6-01166
EPS ₹4.614.823.720.672.88-0.010.123.597.107.416.545.105.514.724.291.024.281.594.544.311.402.70-13.71-18.00-10.00-17.00-6.00-10.00-4.00-0.1313.93-0.55-3.40-3.05-5.90-1.35-1.49-2.24-0.023.632.172.11
Revenue YoY————9.0%1.3%-9.5%-14.7%-13.2%-11.9%2.9%-0.2%-3.9%1.2%38.0%36.5%24.5%4.5%0.7%-11.1%-2.5%2.4%-6.2%-47.0%-39.2%-45.0%-62.5%-23.0%2.3%23.6%52.0%34.9%-17.7%-11.9%-21.4%-15.0%-26.0%-22.6%-22.5%-11.1%17.2%37.7%
Profit YoY————-37.6%-100.1%-97.0%432.3%146.3%—5718.8%42.1%-22.4%-36.2%-34.4%-80.0%-22.3%-66.4%5.7%323.4%-67.3%239.8%-704.3%-933.9%-1497.0%-723.7%————————-142.3%———————

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 29 periods
JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
ROE0.0%0.0%0.0%————0.0%15.1%15.1%15.1%15.1%0.0%0.0%0.0%0.0%0.0%9.1%9.1%6.6%14.4%5.8%5.8%4.9%0.0%0.0%0.0%0.0%0.0%
ROCE0.0%7.7%4.6%219.4%196.5%194.3%297.1%59.9%65.7%52.9%42.4%46.6%45.0%20.7%21.8%21.7%24.1%30.2%36.4%33.9%35.8%32.0%32.3%25.2%25.5%22.9%23.2%18.8%20.2%
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.6%0.6%0.6%0.6%0.0%0.0%0.0%0.0%0.0%0.5%0.5%0.5%1.1%0.6%0.6%0.6%0.0%0.0%0.0%0.0%0.0%
EBITDA margin3.8%4.7%5.6%7.4%7.4%7.8%7.6%7.5%7.2%6.0%5.3%4.8%4.6%4.3%4.2%4.4%4.9%5.7%6.4%6.9%7.4%8.1%8.6%8.9%9.0%9.0%9.0%9.0%9.2%
Debt / equity42.5042.5042.50————0.660.660.660.660.660.661.401.401.191.191.071.070.830.830.650.650.860.860.810.810.640.64
Interest coverage0.000.620.291.371.341.402.412.192.552.381.992.171.861.401.331.261.301.731.952.112.212.362.462.462.502.472.382.522.48
Asset turnover1.191.632.052.172.062.052.042.032.122.172.242.332.411.952.052.092.162.162.162.262.212.031.981.941.931.701.741.471.55

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 16 periods
MAR '14‡MAR '15‡MAR '16‡MAR '17‡MAR '18‡MAR '19‡MAR '20‡MAR '21‡SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26
Share capital28434328283030333434343434343436
Other equity / reserves4658254162-11-2061742242623184476037258711,251
Total equity7410269709019-1762072572963514816367599051,287
Borrowings236144162173138794257136361352375397415654733827
Current liabilities7445165344924441,6581,9831,6862,0382,0441,9481,5531,6101,3621,4471,769
Non-current liabilities15152327477554994106536637047437349521,1871,238
Total assets8336336235895802,4322,3062,3032,9483,0023,0042,7772,9813,0723,5394,294
Property, plant & equipment4718172323156164164372420384411395356389411
Capital work-in-progress3———————00000000
Investments————————03031323233330
Inventories10126241931151137149370362341246221210388323
Receivables2962472162072098623612403264174293864515676741,153
Cash & equivalents1053436169206316357240200191214282214275528

Cash flow

annual · ₹ crore · line = free cash flow
showing latest 5 of 13 periods
FY14‡FY15‡FY16‡FY17‡FY18‡FY19‡FY20‡FY21‡FY22FY23FY24FY25FY26
Cash from operations1062829452-721,13741217118134-8884
Cash from investing-378-19-4-5-357-328-131-14719-1-47-57
Cash from financing-115-100-10-11-54629-645-288-43-64-155192197
Capex22512—1130126305198514469
Free cash flow842318—41-1021,011382120-8084-13215
Dividends paid————————000017

Where the assets sit

Mar '26 · ₹ crore
Fixed assets (PPE)
₹411 cr10%
Inventories
₹323 cr8%
Receivables
₹1,153 cr27%
Cash & equivalents
₹528 cr12%
Other assets
₹1,879 cr44%

Peer comparison

largest in Information Technology · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Tata Consultancy Services Ltd.9,04,4572,498.5017.57.6043.4%
Infosys Ltd.4,78,7031,181.4015.64.8331.0%
HCL Technologies Ltd.3,90,9601,440.0021.35.1424.1%
Wipro Ltd.1,96,119198.0014.92.4816.7%
Tech Mahindra Ltd.1,62,2271,831.0035.25.4715.5%
LTM Ltd.1,28,4054,338.0024.64.9620.2%
Persistent Systems Ltd.95,4946,053.5072.311.1215.4%
Coforge Ltd.91,9672,076.0047.74.118.6%
Oracle Financial Services Software Ltd.89,07510,215.0025.011.5946.4%
MphasiS Ltd.48,1212,520.0024.04.4618.5%
Black Box Ltd.14,402810.95—11.190.0%

StoxGud checklist: Neutral setup · 6/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-8.4%
6 months+10.1%
1 year+49.7%
3Y CAGR+49.0%
5Y CAGR+33.8%
10Y CAGR+44.6%
50-day avg₹809.47
200-day avg₹736.29
RSI (14)33

Compare Black Box Ltd. with

FAQs

What is the share price of Black Box Ltd.?

Black Box Ltd. (BBOX) closed at ₹810.95 on NSE on 06 Nov 2026.

What is the market cap of Black Box Ltd.?

₹14,402 crore at the latest close.

How fast is Black Box Ltd. growing?

Black Box Ltd.: revenue has compounded at 0.2% a year over three years. Latest-quarter revenue is up 23.9% year on year.

How profitable is Black Box Ltd.?

On a trailing-twelve-month basis return on equity is 0.0%, return on capital employed 20.2%, operating margin 9.2%, net margin 0.0%.

How much debt does Black Box Ltd. have?

Black Box Ltd. is moderately geared: debt to equity is 0.64 with borrowings of ₹827 cr against cash of ₹528 cr (balance sheet of 2026-03-31). Operating profit covers interest 2.5 times.

Financials parsed from Black Box Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.